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April 25, 2026, 08:54 AM - 2 min read
US Treasury Secretary Scott Bessent said the sanctions were part of the US “Economic Fury” operation against Iran. The sanctions on the firm now include blocking of “all property and interests” in the US for persons named by the Treasury.
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March 31, 2026, 05:28 PM - 3 min read
This is the first time China, a large importer of Iranian oil for years despite US sanctions, spoke of its ships crossing the Strait of Hormuz amid reports that Iran is permitting the Chinese ships to cross the Strait in view of the close strategic ties.
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December 4, 2024, 10:24 AM - 3 min read
In a statement, the Department of Treasury said this action imposes additional costs on Iran’s petroleum sector following Iran’s attack against Israel on October 1, as well as Iran’s announced nuclear escalations, building upon the sanctions issued on October 11.
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May 8, 2024, 12:17 PM - 2 min read
Baluchistan, the area most impacted by smuggling, is already dealing with a deadly separatist rebellion and tremendous poverty. Baluchistan remains one of the most insurgency-affected provinces of Pakistan; this booming informal economy poses a threat not only to Pakistan but to neighbouring countries as well.
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